Idle Media completes the acquisitions of Prison Block, Chixrus and Tweetvibe

Idle Media, (OTCBB: IDLM) has closed on the previously announced acquisitions of the assets of three online properties: www.prisonblock.com, www.chixr.us, and www.tweetvibe.com.

The acquisitions were transacted in cash, and are therefore non-dilutive to the company’s shareholders. More information will be available in an upcoming 8K filing which will be able to be viewed here: http://www.sec.gov

According to Mr. Marcus Frasier, Idle Media Inc.’s President and CEO, “These three acquisitions will allow us to expand our offerings and address new demographic groups.”

He continued, “With Prison Block we have acquired an online gaming property that already has almost 50,000 users. We plan to increase the games membership base and capitalize on the growing popularity of virtual currency transactions, whereby a player can transact within the game using a ‘virtual’ currency that they purchase with real dollars.”

Earlier this summer Idle Media acquired the source code for Backyard Buddies, a Facebook game. Facebook boasts well over 400,000,000 users worldwide. Recently, Google announced a $200 million investment in Zynga, billed as the world’s largest social gaming developer.

“Social media gaming is absolutely blowing up,” continued Mr. Frasier. “I spoke previously about games like NightClub City, which launched on Facebook in April of this year and already has 4.5 million users. These types of applications have massive revenue potential if exploited correctly, and we are working quickly to position ourselves solidly within this genre. We think it is inevitable that the social media platforms will take over online gaming at some point, it’s just a natural synergy.”

Mr. Frasier added, “And with our new applications for mobile devices, like our award-winning DatPiff Mobile, we are also positioning to capture a piece of the forecasted (VisionGain) $60 billion in revenue from mobile social networking.”

Inside Network estimates the US virtual goods market will reach US $1.6 billion in 2010 and the social gaming market will contribute $835 million of that total. And, according to research and asset management company Think Equity, the U.S. market for social network games will reach over US $2 billion by 2012. There are over 45 million social gamers in the U.S., with 25% saying their social network is their primary gaming destination.

USA, Leesport, PA

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comScore acquires Nedstat, global analytics and online optimization provider

comScore (Nasdaq: SCOR) has acquired Nedstat, a leading provider of web analytics and innovative video measurement solutions for approximately $36.7 million. Headquartered in Amsterdam, Netherlands, Nedstat offers technology that helps organizations optimize customer experiences and maximize the return on digital media investments. With the Nedstat technology installed on thousands of sites, the acquisition helps comScore accelerate its global expansion strategy, particularly in European markets, and strengthens comScore’s Unified Digital Measurement™ (UDM) platform, which combines panel-based audience measurement with census-level data collection to provide a holistic view of digital consumer behavior.

“The acquisition of Nedstat is another important step towards fulfilling our vision of making the Unified Digital Measurement platform the global standard for digital measurement,” said Dr. Magid Abraham, comScore President & CEO. “In addition, our clients are asking for a new class of business applications to maximize the monetization of their audiences using the UDM data we already collect. The Nedstat platform helps us deliver substantial additional value to clients, expand existing customer relationships, and broaden the scope of our addressable market by adding new and unique digital business analytics to comScore’s offerings. Nedstat clients have benefited over the years from the platform’s detailed and flexible analytical tools and elegant user-experience. We are committed to using Nedstat’s technology to develop new applications, greater scalability, a more expansive data set, and a unified and consistent view of audience statistics, all of which we think will help generate actionable insights that can lead to improved business results for customers.”

“We are excited to join forces with comScore, a recognized global leader in digital measurement,” said Michael Kinsbergen, CEO of Nedstat. “comScore’s ‘Unified Digital Measurement’ platform presents a compelling vision of the future of digital measurement, and we are eager to play a vital role in helping to make that vision a reality. We believe that Nedstat web analytics can add substantial value for clients when combined with the existing comScore measurement platform.”

Upon the acquisition, Nedstat became a wholly owned subsidiary of comScore. Mr. Kinsbergen will be helping in the transition and will continue to be involved by joining comScore’s advisory board. In addition, Fred Appelman, Nedstat’s Chief Technology Officer, and Michiel Berger, Nedstat’s co-founder and Chief Innovations Officer, will join comScore in senior strategy and technology roles.

comScore believes that the Nedstat acquisition will contribute approximately $4 million of additional revenue for the remainder of 2010. comScore anticipates that due to transaction-related expenses and transaction-related accounting adjustments the transaction will be dilutive to 2010 GAAP and non-GAAP net income, but accretive to quarterly GAAP and non-GAAP net income within the first half of 2011.

USA, Reston, VA

Thomson Reuters acquires Healthcare Data Management

Thomson Reuters has acquired Healthcare Data Management. Effective immediately, the company will become part of the Healthcare & Science business of Thomson Reuters. Financial terms of the transaction were not disclosed.

“Healthcare Data Management brings unmatched expertise in health benefits auditing and expense management reporting solutions,” said Jon Newpol, executive vice president at the Healthcare & Science business of Thomson Reuters. “Together, we’re poised to meet the increased demand for auditing and compliance due to the Sarbanes-Oxley Act, the healthcare reform law, and an overall focus on eliminating waste from the healthcare system.

“Healthcare Data Management’s primary solutions, BenefitsAudit and BenefitsWatch, will play a key role in expanding our current solutions for employer and government markets,” Newpol said. “As a result, our new Audit & Compliance offering will support both retrospective and ongoing assessments of claims data.”

Healthcare Data Management was a pioneer in the establishment of modeling employee health benefit plans and using data-driven metrics to monitor plan performance. The company is currently one of the leading independent resources for maximizing the value and accountability of self-insured health benefit plans that are managed by plan administrators and pharmacy benefit managers.

USA, Ann Arbor, MI

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UBM Studios acquires virtual recruitment fairs business Astound

UBM Studios it has acquired Astound LLC, the creator of Milicruit and Unicruit virtual career fairs targeted at placing veterans/military personnel and graduating college students in the workforce.  By adding Astound to its portfolio of virtual business solutions, UBM Studios adds Fortune 500 clients including GE, Raytheon, CSX, Walgreens, Stryker, Verizon, Booz Allen, Amazon, Target, 3M, Accenture and FedEx to its roster.
“The Astound business nicely complements our existing virtual business offerings.  By combining the strength of our two businesses, we now deliver a best in class solution for virtual career fairs.  This is the first step in our strategic initiative to significantly enhance our portfolio,” said Kate Spellman, SVP, Managing Director, UBM Studios.  “We are pleased to harness our technology expertise to offer virtual career solutions that will streamline the recruitment process for recruiters and individuals seeking employment.” 

“We are very excited to become a part of UBM today.  UBM is a forerunner in the virtual event marketplace and is poised for growth in the virtual events sector.  We are pleased to expand the UBM Studios virtual recruitment fairs portfolio with new offerings, industries and customers,” said Kevin O’Brien, Managing Partner of Astound.  “We have seen tremendous success with our niche events and we are very proud to help veterans as well as college graduates find employment.  The media coverage we have received surrounding our Milicruit events reinforces the critical importance of our virtual career fairs.”

USA, Chicago, IL

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Google acquires SocialDeck

Google has acquired SocialDeck.

SocialDeck is a company that develops social-based mobile games. The company was founded in 2008 and has launched several titles for the iPhone, Facebook, and BlackBerry using its social gaming platform technology, which enables simultaneous game play across multiple mobile devices and social networks. SocialDeck raised its first financing round from the BlackBerry Partners Fund in March 2009. The company’s core team splits its time between Toronto and San Francisco.

The announcement on the SocualDeck website reads:

SocialDeck is joining Google!

Big news! We’re super excited to announce that someone found our social games as fun as you have — in this case, that “someone” is Google. SocialDeck has been acquired and we’ve joined the Google team.

We started this company with the goal of connecting friends through social games on all kinds of exciting mobile devices. We’ve been amazed and humbled by all the stories and experiences our customers (you!) have shared with us.

Thank you for all your support and for being part of SocialDeck’s success so far.

Happy Shaking!

– The SocialDeck Team

Location: USA, San Francisco, CA & Mountain View, CA

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Blanca Games acquires poker network Cereus Network

Blanca Games, led by e-gaming entrepreneur Stuart Gordon, has acquired the Cereus Poker Network, one of the largest poker networks in the world.  The terms of the transaction were not disclosed.

Blanca’s acquisition of Cereus includes the Network operations, software, the absolutepoker.com brand, and the ub.com brand.

Stuart Gordon, Chief Executive Officer of Blanca Games, said, “The acquisition of Cereus is a significant opportunity for us.  Cereus is a major platform of well-managed assets.  Over the past few years, it has created new brands, like ub.com, that are extremely well-positioned in the most desirable demographic in our market:  players in the 20s and 30s age brackets.  From our perspective, we have acquired a large, sophisticated online gaming operation with state-of-the art capabilities, ranging from compliance to business intelligence to online marketing to customer service.  We see a tremendous growth opportunity in this deal and beyond, as Blanca seeks additional acquisitions in the market.”

Mr. Gordon further commented, “We are confident that the Cereus Network has found an excellent home in Blanca Games.  Over the past several years, Cereus has developed into an outstanding platform, which is poised for significant growth.  This transaction will benefit Cereus players and employees alike.  We expect no changes in the playing experience on the Cereus sites, except for the improvements that will likely be the long-term result of this transaction.”

Commenting on Blanca’s priorities for Cereus going forward, Mr. Gordon added:  “We intend to leverage the existing strengths of the Cereus Poker Network, particularly in the areas of security and customer service.  Although we are impressed with many of the new security features on the Network today, security is and will remain our top priority.  We’re also pleased with the efficiency and the player-friendly approach of Cereus’s customer service operation, but we will always be seeking to improve in this area.”

About Blanca Games, Inc.  Stuart Gordon established Blanca Games, Inc. for the purposes, among others, of making acquisitions in the online gaming industry, including the purchase of the Cereus Poker Network.  Mr. Gordon is the CEO of Blanca and is a pioneer in the online gaming industry.  He is also the founder and operator of bingomania.com and Helix Gaming International, Ltd, which are licensed and regulated both in the jurisdictions of Kahnawake and Antigua.

St. John’s, Antigua and Barbuda

Federated Media acquires technology suite from TextDigger

Federated Media Publishing has acquired a platform for semantic and linguistic profiling of web-based content from TextDigger, a San Jose-based semantic search startup.

“FM’s home-grown technology platform is largely an untold story”.“We’re proud to place TextDigger’s semantic profiling technology in FM’s hands,” said Tim Musgrove, founder and CEO of TextDigger. “I’ve followed FM’s growth over the last few years and admire the company’s work. They have amassed a great team and a solid technology platform. I’m happy that our IP and our people will be integrated into such a wonderful company. This is a great strategic fit for all sides involved.”

TextDigger’s technology complements FM’s platform with a robust set of semantic solutions for content tagging, filtering and clustering, as well as related tools that simultaneously enhance the user experience, ad targeting, and semantic search engine optimization for a site or network of sites. The addition of TextDigger’s technology will bolster FM’s custom publishing and sponsorship capabilities for brand advertisers.

The acquisition is one major piece of FM’s ambitious technology plans. The company recently hired Chief Product Officer, Amy Yeh, to head up a growing technology team and platform roadmap. Tim Musgrove, TextDigger’s founder, will join FM as Chief Scientist, while retaining an affiliation with TextDigger as their Senior Research Fellow. Also joining FM will be Robin Hiroko Walsh, VP Engineering, Peter Ridge, Sr. Director of Product Management, and Jim Hull, Lead Software Engineer.

TextDigger will continue its search business, with Bob Perreault, the company’s Chief Business Development Officer, moving into the role of CEO. All of TextDigger’s customers will continue to be supported by either FM or TextDigger, depending on their type of project or service.

USA, San Francisco, CA

Facebook acquires Hot Potato

Hot Potato, an app that lets you build a social stream around events and other activities, are reporting on their blog that they have been acquired by Facebook.

“This wasn’t an easy decision, especially since we’ve built up a base of dedicated users. If Hot Potato was going to sell to anyone, Facebook was the natural choice. Facebook is still small, moves fast, provides a great supportive environment for people to be entrepreneurial, and most importantly, Facebook builds great products. We’re looking forward to joining their team. We’ll soon be wrapping up operations at Hot Potato. We will no longer be accepting new user registrations, and we will be offering existing users a way to download their information from the site. To do this, go to: http://hotpotato.com/dashboard/history. In about a month, Hot Potato will close up shop and delete all user data. No user data or account information will be kept by Facebook. We will be sure to keep you posted on this process over the next few weeks.”

USA, Brooklyn, NY

Chegg.com acquires CourseRank

Online textbook rental company, Chegg.com, has acquired CourseRank, the Mountain View-based start-up that provides college students an easy and convenient way to create and share their course schedule, take classes with their friends, read and write reviews on classes and professors as well as find out how professors grade.

“We are excited about adding CourseRank to the portfolio of content and services we can offer students to make college easier and more affordable,” said Dan Rosensweig, President and CEO of Chegg.com. “We all share a commitment to saving students time, money and making them smarter.  It’s amazing how popular CourseRank has become on campus, having nearly 100,000 users and growing every day.”

Founded by three college students and already being used on 175 colleges and universities across the U.S., CourseRank helps students manage and plan their academic careers. CourseRank’s scheduling, planning and course review system guides students by arranging relevant course information in an easily accessible display where they can track their progress towards the goal of graduation, mapping courses taken, and grades received.  A feature for students to find textbooks for their courses using CourseRank is currently in beta for select schools.

“We’re excited to be part of the number one online textbook rental company in such a hot space,” said Filip Kaliszan, Co-Founder and CEO of CourseRank. “We share Chegg’s commitment to using technology to make life easier and cheaper for college kids, and we are excited about expanding our reach to more schools, adding many new features in the next few months.”

CourseRank, founded in 2007 by three Stanford University students, has seen tremendous growth in the past year.  To date, the company has achieved adoption by some of the country’s top schools including Stanford University, the University of California, Berkeley, and Cornell University.

USA, Santa Clara, CA

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Total Beauty Media acquires LimeLife

Total Beauty Media , a USVP-funded company,has acquired LimeLife.com, the multi-platform female lifestyle and celebrity news site, which also features LimeLife’s MySnaps social shopping service.

Total Beauty Media operates a suite of digital media properties including TotalBeauty.com, BeautyRiot,com, KateLuxe.com, ModernMan.com, and the Total Beauty Media Network.  Total Beauty Media has grown rapidly since its founding in 2007.  Now, with the addition of LimeLife’s audience, Total Beauty Media ranks #6 among Beauty, Fashion, and Style Web properties according to Comscore’s June 2010 report.  And among female lifestyle mobile web sites, Total Beauty Media now ranks #1.

By offering its services across multiple environments including the web, mobile, and iPhone, LimeLife.com provides its consumers, wherever they are, with the latest in celebrity news, fashion tips, and lifestyle information.  In addition, LimeLife’s MySnaps social shopping service allows consumers to create, share, and shop from their own personal shopping wish lists via the web and mobile. 

“We are excited to expand Total Beauty’s offerings into the female lifestyle, mobile, and social shopping markets,” said Emrah Kovacoglu, founder and CEO of Total Beauty Media, Inc. “By combining LimeLife with our other digital media properties, we continue to create a powerful and scalable digital media company.  We will now be able to connect our sizable audience with the brand advertisers who want to reach these women wherever they are — at home, at work, or on-the-go.  LimeLife’s unique capabilities in reaching women on mobile are especially interesting to the future of marketing and commerce.  We intend to build upon this foundation to provide women and brands with unique mobile content and advertising opportunities.”

“We’re thrilled to become a part of the Total Beauty Media family with its ability to monetize at three times the industry average, reach millions of female readers, and produce engaging premium content,” said Kristin McDonnell, CEO and Co-Founder of LimeLife. “Total Beauty will help accelerate LimeLife’s audience growth and expand our strong advertiser base to include even more consumer brands.” 

USA, Santa Monica, CA